Leveraging Legislation For Economic Survival

The present economic downturn occasioned by dwindling oil prices in the international market, has not only led to frantic calls for economic diversification, it has also opened our eyes to our deeply flawed laws currently inhibiting business competitiveness and obstacles on the way of investors - foreign and local - who genuinely want to invest in the country. The concomitant negative effect of these deeply flawed and obsolete laws over the years had seen the whittling of businesses in Nigeria at a geometric rate and the permanent lockdown on long term investments in our potentially huge non-oil sector. Therefore, it has become imperative to remove the anti-business obstacles if the urgent quest to navigate the economy away from hitting the rocks due largely to over dependence on revenue from crude oil exports is to be achieved.

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